The document outlines the steps in an escrow process including: preparing escrow instructions and documents, collecting deposits, ordering title searches and demands, reviewing preliminary reports, obtaining loan approvals and documents, reconciling files, recording documents, obtaining buyer funds, requesting loan funding, closing the file and distributing final documents. It also lists the vision of the escrow company as surpassing expectations each time.
1. LIFE OF AN ESCROW Prepare Escrow Instructions and Pertinent Documents; Collect Deposit Order Title Search Obtain Signatures Receive and Review Preliminary Report Order Demands, Request Clarification of and Other Items and Review Taxes on Report Receive Demands OUR VISION: TO SURPASS YOUR EXPECTATIONS THIS TIME…NEXT TIME…EVERY TIME… CONTINUED… BEVERLY HILLS OFFICE 9440 Santa Monica Blvd., #310 Beverly Hills, CA 90210 SHERMAN OAKS OFFICE 13949 Ventura Blvd., #300 Sherman Oaks, CA 91423
2. LIFE OF AN ESCROW OUR VISION: TO SURPASS YOUR EXPECTATIONS THIS TIME…NEXT TIME…EVERY TIME… Process Financing Request Beneficiary Statement Receive Beneficiary Statement and Enter into File. Review Terms of Transfer and Current Payment Status Have Beneficiary Statement Approved Order Demands, Request Clarification of and Other Items and Review Taxes on Report Obtain Loan Approval and Terms Forward Escrow Instructions, Prelim and CC&R’s to Lender Request Loan Documents BEVERLY HILLS OFFICE 9440 Santa Monica Blvd., #310 Beverly Hills, CA 90210 SHERMAN OAKS OFFICE 13949 Ventura Blvd., #300 Sherman Oaks, CA 91423
3. LIFE OF AN ESCROW OUR VISION: TO SURPASS YOUR EXPECTATIONS THIS TIME…NEXT TIME…EVERY TIME… Review File to Determine all Conditions Have Been Met and That all Documents are Correct and Available for Signature (Termite Report, Contingencies Released, Fire Insurance Ordered, Secondary Loan Documents Prepared, etc.) Reconcile File and Have all Remaining Items Executed, Including Loan Documents Forward Documents to Title Company Order Recording CONTINUED… Record Document with County Recorder BEVERLY HILLS OFFICE 9440 Santa Monica Blvd., #310 Beverly Hills, CA 90210 SHERMAN OAKS OFFICE 13949 Ventura Blvd., #300 Sherman Oaks, CA 91423
4. LIFE OF AN ESCROW OUR VISION: TO SURPASS YOUR EXPECTATIONS THIS TIME…NEXT TIME…EVERY TIME… Obtain Buyers Funds Return Loan Documents Request Funding of Loan Close File: Prepare Statements and Disburse Funds Complete Closing, Forward Final Documents to Interested Parties; Buyer, Seller, Lender BEVERLY HILLS OFFICE 9440 Santa Monica Blvd., #310 Beverly Hills, CA 90210 SHERMAN OAKS OFFICE 13949 Ventura Blvd., #300 Sherman Oaks, CA 91423